EE-Learning
Changes in equilibrium price and quantity when supply and demand change
Catogry:
Economics & Finance
Subject:
Macroeconomics
Course:
Basic Economics Concepts
Lecture List
Changes in equilibrium price and quantity when supply and demand change
Changes in market equilibrium
Market equilibrium
Change in supply versus change in quantity supplied
Factors affecting supply
Law of supply
Change in demand versus change in quantity demanded
Normal and inferior goods
Changes in income, population, or preferences
Change in expected future prices and demand
Price of related products and demand
Law of demand
Comparative advantage worked example
When there aren't gains from trade
Input approach to determining comparative advantage
Terms of trade and the gains from trade
Opportunity cost and comparative advantage using an output table
Comparative advantage and absolute advantage
Comparative advantage, specialization, and gains from trade
Production Possibilities Curve as a model of a country's economy
PPCs for increasing, decreasing and constant opportunity cost
Increasing opportunity cost
Opportunity cost
Production possibilities curve
Command and market economies
Economic models
Normative and positive statements
Scarcity
Introduction to economics